Cryptocurrency
Grayscale’s Pandl Says Strategy’s $3B Bitcoin Sale Could Restore Confidence
Zach Pandl, head of research at Grayscale, said he hopes Strategy will sell at least $3 billion in Bitcoin to cover most of the company’s cash obligations for the next two years.In a Saturday X post, Pandl argued that...
Cryptocurrency
BTC price news: Bitcoin under $60,000 on track for a rare back-to-back quarterly loss
Bitcoin dipped below $60,000 over the weekend, trading around $59,940 on Sunday, down 0.6% over 24 hours and nearly 7% on the week, per CoinDesk data, as a quarter of selling neared its final days.The altcoins again led the...
Cryptocurrency
Sequencer Bug Caused Two Base Network Outages in a Week
A sequencer bug was responsible for two outages of the Coinbase layer-2 network Base last week, according to a post-mortem. The Base engineering team said in a Saturday post-mortem that they identified a bug in sequencer block-building logic that allowed...
Cryptocurrency
Robert Kiyosaki Says Gold May Be Starting $35K Bull Run After Latest Purchase
Key TakeawaysGold jumped $62 after Robert Kiyosaki said he bought, as he pointed to technical analysis and a possible market turn.Jim Rickards’ gold forecast underpinned Kiyosaki’s bullish outlook amid rising economic pressure.Kiyosaki also signaled he is watching gold, silver,...
Cryptocurrency
Fidelity Defends Bitcoin’s Long-Term Security Model
Fidelity Digital Assets has pushed back against concerns that Bitcoin’s long-term security will deteriorate as mining rewards decline, arguing in a new research report that the network’s economic incentives remain sufficient to secure the blockchain over time.The report, authored...
Cryptocurrency
50K BTC Flow Adds Pressure To Bitcoin Price: Will The Sell-off Deepen?
Bitcoin (BTC) is showing fresh signs of short-term holder capitulation after roughly 50,000 BTC moved to exchanges at a loss over the past day. At the same time, the market capitalization of short-term holders fell to $237.7 billion, its...
Cryptocurrency
Yuma Launches Bittensor AI Fund for Institutional Investors
Yuma, a Digital Currency Group-backed investment company, has launched a fund that gives institutional investors diversified exposure to the Bittensor ecosystem, as asset managers expand investment products tied to decentralized AI.According to a Thursday announcement, the Yuma Total Market...
Cryptocurrency
US Spot Bitcoin ETFs See $445 Million in Single-Day Outflows as Institutional Pressure Builds
TL;DR
The supplied pack reports $445 million in outflows from U.S. spot Bitcoin ETFs for the June 26 session.Ethereum ETFs were reported as seeing around $13 million in outflows for the same session.The setup remains market-analysis context. Do not state...
Business Innovation
‘It’s not going away’: The Stanford economist who called the AI entry-level jobs crisis early has the receipts | Fortune
Last August, a team led by Stanford economist Erik Brynjolfsson published a deep look at the impact of AI on jobs, boosted by a “large-scale, high-frequency administrative dataset from ADP,” the largest payroll software provider in the United States....
Cryptocurrency
SecondFi Recovery Targets Two Weeks After $2.4M Cardano Wallet Exploit
Cardano wallet SecondFi has identified a recovery path for users affected by Tuesday's exploit and expects to begin returning assets in about two weeks, following testing and security reviews.According to a Saturday statement by Phillip Pon, CEO of SecondFi...